Overview of Transaction

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• Established in 2010 by Jeff Hays and Chris Skaletsky, RLA Insurance Intermediaries (RLA) is a wholesale insurance brokerage headquartered in Boston. 

• RLA specializes in offering professional lines, property and casualty, and healthcare coverages to meet the needs of business throughout the United States.

• After being presented with several different options, RLA decided to partner with Peachtree Special Risk Brokers, a subsidiary of Brown & Brown, Inc (NYSE: BRO).

• Brown & Brown, Inc. is a leading insurance brokerage firm providing risk management solutions to individuals and businesses and the world’s seventh-largest insurance brokerage.

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Significance of Transaction

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• Brown & Brown was a natural fit for RLA due to shared culture, philosophy of supporting the entrepreneurial spirit, unique client focus and a historical commitment to excellence with an eye towards the long-term future.

• The RLA partnership expands Brown & Brown’s share in the wholesale insurance market.

• RLA Insurance Intermediaries team will continue doing business from their existing headquarters in Boston, Massachusetts and other locations in West Palm Beach, Florida; Brentwood, Tennessee; Potomac Falls, Virginia; and Manassas, Virginia.  The offices will continue under the leadership of Jeff Hays and form a new stand-alone operation within Brown & Brown’s Wholesale Brokerage Segment.    

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Sica | Fletcher's Role

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• RLA engaged Sica | Fletcher to explore multiple strategic options for the firm, culminating in its sale to Brown and Brown.

• The RLA transaction builds on Sica | Fletcher's track record of success with large and complex transactions.

• This transaction further highlights Sica | Fletcher’s strong relationship with publicly traded companies, having worked with Brown & Brown on numerous deals.